We prefer to go long in NZD/USD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
141 0
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.7883
Kijun-Sen level: 0.7820
Ichimoku cloud top: 0.7745
Ichimoku cloud bottom: 0.7818

NZD/USD has broken major resistance 0.7880 ( trend line joining 0.8033 and 0.7976) and recovery till 0.79769 cannot be ruled out.
The pair minor resistance is around 0.7902 (76.4% retracement of 0.79769 and 0.76593) and any indicative break above would extend gain to 0.7940/0.79769.
Minor support is around 0.7850. On the downside break below will target 0.7835/0.7793.

Recommendation: Buy NZD/USD around 0.7885, SL 0.779, Target 0.7974.
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